nLIGHT reported record quarterly results for the second quarter of 2026, beating analyst estimates on both top and bottom lines. The performance was driven by a 45% year-over-year surge in Products revenue and continued momentum in the Aerospace and Defense market, which remains the company's largest and fastest-growing end market. Despite the record quarter, third-quarter guidance was tempered by supply chain challenges that are expected to delay approximately $17 million in product shipments to future periods.
Key Highlights
- Record Revenue and Beat: Total revenue reached $82.6 million, a 34% increase year-over-year, exceeding the consensus estimate of $78.6 million.
- Defense Market Scaling: Aerospace and Defense revenue grew to $57.3 million, up 41% from $40.7 million in the prior year, highlighting the ramp of directed energy and sensing programs.
- Profitability Turnaround: Reported non-GAAP net income of $9.6 million ($0.15 per diluted share), a significant improvement from the $2.9 million loss reported in the second quarter of 2025.
- Supply Chain Headwinds: Third quarter 2026 revenue guidance is set at a midpoint of $68.0 million, which reflects the deferral of $17 million in expected shipments due to supply constraints.